From the article by @Territoryone https://exclusive.multibriefs.com/content/can-pandemic-surviving-shopping-malls-actually-thrive/retail
….Kevin McGowan is the president of McGowan Corporate Real Estate Advisors in Allentown, Pennsylvania. He predicts that there will continue to be grocery-anchored retail centers — but drive-thru pickup might become the norm instead of the exception.
“For the other retail centers that are not grocery-anchored but are anchored by retailers that will not survive being crushed by Amazon, there will be repurposing,” he says. “Recently I read about a shopping center in Georgia that was rezoned to be a warehouse for last mile delivery.” He predicts more shopping centers will become online fulfillment centers.
THIS IS THE ARTICLE I WAS TALKING ABOUT.
Georgia’s first air-conditioned, indoor mall is going to be reborn this summer after a $12 million redevelopment.
Ultimate Realty, a New York-based real estate investment management firm, announced Thursday a $12 million redevelopment of Westgate Shopping Center, which is scheduled to be completed this summer, according to a news release.
The company is rebranding the mall, at 2525 Pio Nono Ave., as Middle Georgia Industrial Park. The 395,000-square-foot, six-building industrial park will be Ultimate Realty’s first project in Georgia, according to the release.
